In Brief Deutsche Bundesbank study shows 86% of Germans open to a digital Euro, indicating shifting sentiment on digital assets. Potential CBDC adoption could lead to significant declines in cash holdings and bank deposits, impacting the banking sector. The study highlights the need for careful CBDC policy design to maintain financial stability amidst potential transformative…
Read more
In Brief Dogecoin’s price is moving in a falling wedge, and it is expected to rally upon breakout. The MVRV Ratio shows that DOGE is in the opportunity zone, which triggers a reversal. DOGE has seen rising conviction among investors, which is key to supporting a rally. Dogecoin’s (DOGE) price is declining on the daily chart,…
Read more
In Brief Binance Coin is poised to be one of the best-performing assets, given its ongoing consolidation and proximity to forming a new ATH. PEPE, which has already noted a 585% growth in the last three months, could still rise by another 41%. Tron (TRX) just prevented a death cross on the daily chart, providing it…
Read more
In Brief Solana’s price failed a bullish breakout and is now close to witnessing a death cross. The bearish market cues are weighing heavy on the altcoin, as evidenced by the RSI. Sharpe ratio is at a 4-month low of -4.27, signifying negative risk-adjusted returns. Solana’s (SOL) price is close to witnessing a bearish phenomenon…
Read more
In Brief Six new spot Bitcoin and Ethereum ETFs starts its debut on the Hong Kong Stock Exchange (HKEX). The ETFs are available in HKD, USD, and RMB, with promising opening prices and innovative features. Industry experts express optimism about Hong Kong’s future as a crypto-friendly financial hub. Hong Kong has made a significant stride…
Read more
In Brief Vitalik Buterin has responded to community concerns regarding the network’s transition from PoW to PoS. Buterin emphasized the necessity and benefits of this shift, citing concerns over PoW’s centralization. Despite Ethereum’s successful transition to PoS, regulatory scrutiny, particularly from the SEC, persists. Ethereum co-founder Vitalik Buterin has responded to community concerns about the…
Read more
In Brief DTCC has decided to impose a 100% haircut on all investment instruments backed by crypto assets. Some analysts speculate that this move could lead to reduced liquidity and increased risk for investors However, others argued that the DTCC decision might not significantly affect crypto ETF performance. The Depository Trust and Clearing Corporation (DTCC)…
Read more
In Brief Forbes labels Ripple, Cardano, Fantom as “zombie tokens” with high speculation. Ripple fails to meet banking revolution goals, shows minimal transaction fees. Cardano and Fantom lack real-world applications despite high market valuations. In a recent Forbes exposé, cryptocurrencies like Ripple (XRP), Cardano (ADA), and Fantom (FTM) have been highlighted as “zombie tokens.” These command multi-billion…
Read more
In Brief Bitcoin (BTC) is one of the closest tokens to forming a new all-time high propelled by the halving bullishness. BNB Coin (BNB) is merely 12% away from charting a new ATH marked at $686 after almost three years. Bitget Token (BGB) and Ondo (ONDO) are both consolidated under their ATHs, standing 15% and…
Read more
In Brief The DYDX token is an integral part of the dYdX Chain – the PoS blockchain built on the Cosmos SDK and using CometBFT. The transition of DYDX token from Ethereum to the dYdX Chain significantly boosted its features and overall value. Unlike ethDYDX, DYDX allows its holders to gain enhanced roles in governance,…
Read more
